NFSG Corp Purchases 3,141 Shares of Apple Inc. $AAPL

Key Points

• NFSG Corp increased its Apple stake by 3.4% in the third quarter, purchasing 3,141 shares to bring its holdings to 95,279 shares valued at approximately $31.7 million. Apple now represents about 3.3% of NFSG’s portfolio.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while revenue grew 16.4% year over year. Institutional investors and hedge funds own 67.73% of the company’s stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $340.59, although insiders sold roughly $95.5 million of shares during the quarter. Apple shares recently traded at $343.83, near their 52-week high.

NFSG Corp boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,279 shares of the iPhone maker's stock after purchasing an additional 3,141 shares during the period. Apple makes up about 3.3% of NFSG Corp's portfolio, making the stock its 4th biggest position. NFSG Corp's holdings in Apple were worth $31,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Berkshire Hathaway Inc acquired a new stake in shares of Apple during the 2nd quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the 2nd quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG acquired a new position in Apple in the 2nd quarter valued at $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Apple in the second quarter worth about $10,588,946,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Trading Down 0.9%

Shares of AAPL stock opened at $343.83 on Thursday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $331.73 and a 200-day simple moving average of $295.51. The stock has a market cap of $5.02 trillion, a P/E ratio of 39.43, a P/E/G ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business earned $1.57 earnings per share. Apple's revenue was up 16.4% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Ternus sold 25,412 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 286,853 shares of company stock valued at $95,477,342. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AAPL shares. Royal Bank Of Canada set a $365.00 price objective on Apple in a research note on Wednesday, July 15th. Moffett Nathanson set a $283.00 target price on Apple and gave the company a "neutral" rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. boosted their price target on shares of Apple from $340.00 to $360.00 and gave the stock an "overweight" rating in a research note on Monday, October 12th. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Finally, Yorkville Ives assumed coverage on Apple in a research report on Tuesday, October 6th. They set an "outperform" rating and a $400.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $340.59.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple's Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Apple Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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